1. Oregon
  2. Lebanon
  3. 591 W SHERMAN St
$1,195,000

591 W SHERMAN St, Lebanon, OR 97355

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon0.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Single-story 10-unit apartment complex located in West Lebanon. Built in 1948, the property offers (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. As-is cap rate is 7.67% Cap on Actuals, 8.46% on Proforma. Two units have been fully renovated, offering immediate rent growth potential as leasing demand remains strong. The property features a central courtyard, off-street parking, and onsite laundry — appealing amenities in a quiet, residential neighborhood.

Listing Status:
Active
Date Added:
April 28, 2025 at 05:00AM
Listing Office:
SMI Commercial Real Estate LLC : 503-390-6060
Listing Agent:
Eric Swanson : 541-990-3795
MLS ID:
639912323
  • A/C: None
  • Heating: Other

This listing courtesy of Eric Swanson, SMI Commercial Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Green Acres School

700 S 10th St, Lebanon, OR, 97355

Grades KG-5

0.28 miles away

S

Seven Oak Middle School

550 Cascade Dr, Lebanon, OR, 97355

Grades 6-8

2.29 miles away

L

Lebanon High School

1700 S 5th St, Lebanon, OR, 97355

Grades 9-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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